Tahoe Resources Inc (TSE:THO) (NASDAQ:TAHO) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$2.93 and last traded at C$3.01, with a volume of 355980 shares changing hands. The stock had previously closed at C$2.98.
THO has been the subject of a number of recent analyst reports. Canaccord Genuity lowered their target price on shares of Tahoe Resources from C$10.00 to C$9.00 in a report on Tuesday, July 24th. Eight Capital lowered their target price on shares of Tahoe Resources from C$7.00 to C$5.75 in a report on Wednesday, September 5th. Macquarie lowered their target price on shares of Tahoe Resources from C$9.00 to C$6.00 in a report on Wednesday, September 5th. Beacon Securities downgraded shares of Tahoe Resources from a “buy” rating to a “hold” rating and lowered their target price for the company from C$10.00 to C$5.75 in a report on Tuesday, September 4th. Finally, TD Securities lowered their target price on shares of Tahoe Resources from C$6.50 to C$6.00 and set a “hold” rating for the company in a report on Tuesday, August 21st.
The company has a debt-to-equity ratio of 3.02, a current ratio of 1.97 and a quick ratio of 0.90.
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Tahoe Resources Inc, together with its subsidiaries, acquires, explores for, develops, and operates mineral properties in the Americas. It explores for silver, gold, lead, zinc, and copper deposits, as well as precious metals assets. The company holds interest in the La Arena gold mine located in the Huamachuco district of northern Peru; Shahuindo mine located in the province of Cajabamba in northern Peru; and La Arena II, a copper-gold porphyry deposit located in Peru.
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